To be frank I don't see why it will fall below RM 1. And yes Arlon is correct this is just a procedure to offer public the same price as Cycas. Too early to conclude that they have enough shares to privatise. It's kinda impossible for Simon to sell all his share @RM 1 especially this is a good company. Even if privatise, the mgo price need to be revise. I'm not sure about those weak holders or monkey's believer, but any sane ppl will not agree at RM 1 at this bullish counter. Don't tell me a year it's below RM 1 kinda nonsense. Prior to that most of the counter underperformed. Nevertheless, major shareholders can do whatever they want to privatise at a lower price. This is not up to our call. Last, if you can't hold, they more than happy to buy your share at a lower price.
Is the big fund still holding the shares? This is the key as top 30 shareholders have some big fund in the list and if they also realise the gain than it is highly likely the GHL will be take private at RM1.00
ANAHRAYA TRUSTEES BERHAD PUBLIC ISLAMIC OPPORTUNITIES FUND 15,502,900
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 13,801,100
HSBC NOMINEES (ASING) SDN BHD HSBC BK PLC FOR APERIOS EMERGING CONNECTIVITY MASTER FUND LIMITED 13,511,700
CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (RHBISLAMIC) 5,900,000
Actis (commonly known as Actis) is a multi asset emerging market investor. It has a growing portfolio of investments across Asia, Africa and Latin America and US$7.6bn funds under management. Applying developed market disciplines to emerging markets, an established team of c. 100 investment professionals in ten countries identify investment opportunities in private equity, energy and real estate.
@hillsixtynine Most likely Simon wanted to cash out a part of his holdings at Rm1.00 and still hold a substantial stake with Actis involved in the company. If he wanted to dump all his shares at Rm1.00, wouldn't it make more sense that he negotiated to sell his entire stake at Rm1.00 instead of half and then wait for the MGO to happen. The crossing of shares is strategic more than anything else. Its not a hostile takeover or an attempt to take GHL off the board.
@Arlon, totally agree with you. If people willing to sell at RM 1, why others buying at premium currently. I'm ready to watch the race between shareholders next week.
@ Arlon , for sure i think GHL worth more than $1 based on the business they currently in. However the argument here for minority shareholder here more towards will GHL delist and go privatise? First, Actis came with blessing from the big shareholder Loh, 16.1% to them. Together Actis and Simon hold 63.47%, so you know what i mean here. As said, you cannot stop others to sell theirs at price below $1.10 by Monday. This is also means Actis could continue to absorb more shares with above $1 price, it doesnt mean they can only buy at $1 the MGO price. Pls remember that. How far are they from the 75% stake? do your maths.
by the way, i did made handsome profit from GHL from recent spike and sold above $1.15. It will be interesting to see what is going to happen those still holding the share. As for sure i will not regret on paper loss or gain anymore. Have fun, guys..
I beg to differ cheeseburger... Actis direct own 44+% not including Simon remaining 19+%....unlikely Simon will sell his portion at 1 ringgit and this merely a procedure for Actis to offer MGO as they triggered the threshold... Let's see what happen soon..
I don't think Simon Loh can sell his remaining shares for another 18 months.
According to Note 6.1.iii of the "Notice of Unconditional MTO" to CIMB on 31/3/2017, it says "as per the date of this Notice, the Offeror has received irrevocable undertakings from its PACs to not accept the Offer for all their remaining shares and to not sell their remaining shares for a period of 18 months after the completion of the SSAs"
Offeror = Actis PACs = Simon Loh SSAs = share sale agreements
@penguindad, unfortunately I'm not a Chartist. I look into fundamental, projection and perspective. Any fund house with huge cash can draw you a Mona Lisa alike chart especially counter like ghlsys not even a billion market cap. Based on my understanding on Danny's comment, they should coming in as strategic partner instead of acquiring the company as a whole. Weird panic sell I guess.
Let say 19.1% of Simon is not allowed to sell or he got no intentions to sell. Remaining 37% in free market hold by fund house like Kwap, you think ppl dumb enough to sell you at discount for the golden goose? Common sense. You want to acquire until privatise for a good company, it's not impossible, but definitely not RM 1. My 2 cents.
@stockmanmy please give some credits to those jokers who came out with foolish comments and their believer reacted. Else you got no chance to collect at low. Weird.
@cheeseburger If a bidder after making a bid were to acquire shares at a price higher than the offer price, it would be required to revise the offer price under the law. So no, Actis cannot simply accumulate shares from the market at anything beyond RM1.00.
@6044 Actis will probably not revise the offer price. If it does, it will become hostile and the board will react accordingly. This is a friendly deal from the looks of it.
@stockmanmy please give some credits to those jokers who came out with foolish comments and their believer reacted. Else you got no chance to collect at low. Weird.
@stockmanmy... I'm just mocking on the guru wannabe jokers... Of course can't deny on your risk appetite and your buy call... You shall be rewarded handsomely... Anyhow seems the market noticed that they are overreact and they shall notice this is actually good news where Actis can bring ghl to a new height as per what Simon hope... Sit tight..
This is another "shell" in the making. Why dont they sell to minority shareholders and the rest of us at RM1.00 per piece rather we all sell to them at RM1.00 then talk about taking private?? Proposal should work both ways. Keep profitable company all for themself?? What is this? "Wolf" of wall street??
Kuala Lumpur. GHL Systems Berhad (“GHL”) will commence offering AliPay payment acceptance services to Malaysian In-stores merchants as well as online merchants. The roll out will start with physical merchants before end April 2017 and eventually extended to ecommerce merchants. Malaysia marks the second ASEAN country, where GHL has tied-up with AliPay to offer an alternative payment option to merchants. GHL started merchant acquiring for AliPay in Thailand in 2Q 2016 for physical stores. To date, GHL Thailand has enabled over 600 merchant acceptance points with notable chain stores in the hotel, retail and F&B space which has high Chinese tourist foot traffic. GHL Thailand has now extended the AliPay payment offering to ecommerce merchants under eGHL, the group’s online payment gateway.
Now you tell me, with these news, will you sell at RM 1? Where are those funny commenters? @BengKoon, they are obligated to make such offer as they triggered the threshold. Nobody is forcing you to sell them at that price. At very least not me.
I will not sell my GHLSYS @ RM 1....I'm waiting for RM 2 The fund need to offer MGO because they acquire 44% and hit the rules. I foresee they not able to obtain enough votes for their acquisition, in addition they need to fork out approximately RM 364 mil to acquire remaining shares Do you think KWAP and all other fund managers will sell their portion?
The MT0I is triggered because they bought above certain no. And they're mainly investor but is a global investor. Go n read their profile Actis. It shows this counter has value.
Why GHL choose to announce such news right after Actis emerged as major shareholder with the MGO triggered ?? They can always annce Alipay first and later Actis. Floating shares not many out there. Either to push up price to sell or to protect Actis entry price buffer. Or Actis not intend to buy the remaining and not intend to delist it. If this latest news push up the price it means Actis need to use more money to proceed for the remaining.
Congratulations to those ghl believers!cheers! This definitely will create new record for ghl with collaboration with Actis and Alipay.
Ps: where are those guru wannabe jokers? Especially the guy name starts with P? He spent so much time in diminishing ghl prospect. Ghl will not benefits from alipay bla bla bla support with a blog Summore...
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Posted by PenguinDad > 2017-04-01 12:14 | Report Abuse
www.theedgemarkets.com/my/article/ghl-shares-end-7-lower-following-mgo-actis.
Read carefully.
"Actis does not intend to maintain the listing status of GHL." If Actis able to get above the 90% level to take it private from more than 75%. Is Simon Loh member of Actis?